YAMAHA PROFITS UP
July 28 2005.
Yamaha Motor Co. has lifted its earnings forecasts for the year ending Dec. 31, saying sales in all of its core segments including those handling motorcycles and marine products will likely be stronger than it previously expected.
The Japanese maker of motorcycles, marine engines and boats raised its group net profit outlook to Y60 billion from Y47 billion. It also raised its group sales estimate to Y1.320 trillion from Y1.230 trillion.
Yamaha Motor also reported its earnings for the six months ended June 30, which it said were at record highs for a fiscal first half.
The company said its earnings were helped by strong sales of motorcycles in Asia and brisk demand for marine products in Europe and the U.S.
In the January-June period, the company posted a group net profit of Y36.82 billion on group sales of Y676.95 billion.
As of last business year, Yamaha Motor changed its earnings term to one that matches the calendar year, which made its last business year an irregular nine-month period from April to December. The company didn't provide comparable figures for the year-earlier period.
In the April-June quarter only, Yamaha Motor booked a group net profit of Y13.84 billion on group sales of Y348.58 billion.
The company reports its earnings based on Japanese accounting standards.
Yamaha Motor also said Thursday it will boost its year-end dividend payout to commemorate its 50th anniversary and reflect its upgraded earnings outlook.

Source: Nikkie Net